Memorial University's Faculty of Business Administration becomes first in Atlantic Canada to achieve international accreditation

Ref. No. 124

DATE:

April 11, 2002

SUBJECT:

Memorial University's Faculty of Business Administration becomes first in Atlantic Canada to achieve international accreditation

Memorial's business school has received a glowing report card. Dr. Bill Blake, dean of the faculty of business administration announced today the faculty has become the first in Atlantic Canada and one of only eight business schools in Canada to be accredited by AACSB International-the Association to Advance Collegiate Schools of Business.

AACSB International is one of higher education's most prestigious and rigorous accrediting bodies, stressing academic excellence and dedication to continuous improvement. This accreditation is the highest distinction offered to business schools both nationally and internationally. There are only 424 AACSB accredited members worldwide, of which only 30 are outside the United States.

"Achieving AACSB accreditation demonstrates the faculty's commitment to provide the highest-quality education, training, research and support to our students and the community," said Dr. Blake. "To achieve this distinction we went through a comprehensive self-assessment process and were evaluated by a team of business school deans who are internationally recognized as leaders in management education. To maintain our accreditation, we will need to continue to grow and develop."

"Our faculty, staff, students, university colleagues and partners in the business community all played an important role in helping us reach this point," said Dr. Blake. "The accreditation process helped us to focus and clarify our mission and today's announcement recognizes the strength of our team."

To achieve AACSB International accreditation, business programs must satisfy the expectations of a wide range of quality standards relating to curriculum, faculty resources, admissions, degree requirements, library and computer facilities, financial resources, and research contributions.